The Body Shop acquired out of UK administration

Quick Summary:

Investors including Auréa Group, whose portfolio is centered on DTC beauty brands, will acquire the decades-old retailer for an undisclosed amount.

The transaction is expected to be completed “in the coming weeks,” following a period of due diligence, according to a joint statement sent by email.

Bankruptcy Court for the Southern District of New York that it was given no notice of the U.K.filing.The U.S.subsidiary also said its U.K.-based parent took all its cash, preventing it from paying its bills.

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Article Details

Author / Journalist: Daphne Howland

Category: EconomyBusiness

Markets: United StatesBrazilCanada

Topics: Shop Group Consortium Auréa Brands Beauty Amount Body Retailer Undisclosed Investors

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-17 @ 11:54:00 (18 hours ago)

News Timezone: GMT +8:00

News Source URL: retaildive.com

Language: English

Article Length: 450 words

Reading Time: 3 minutes read

Sentences: 17 lines

Sentence Length: 27 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Retail Dive

News ID: 21666945

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